1012, Reef Residence
Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1012, Reef Residence
What is 1012 worth today?
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Source: Dubai Land Department. Updated 5 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 10th of 36
- Parking
- P3-35
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 519K · October 2015
- Building
- Reef Residence
About 1012, Reef Residence
1012 is a studio of 515 sqft on the 10th floor of Reef Residence, a 36-storey tower in Jumeirah Village Circle (JVC) completed in 2017 by Sama Alkhaleej Real Estate Development Co. The developer sold it on 27 October 2015 for AED 519,140, or AED 1,008 per sqft, 9% above the AED 929 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 5 February 2026, is AED 44,000 a year: a gross yield of 8.5% on the 2015 price, before the service charge of about AED 7,300 a year.
Sales and rents for 1012 over time
1012 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Reef Residence, and where 1012 sits
All 186 studios →1012 last sold in October 2015 at AED 1,008 per sqft, 9% above what studios in Reef Residence were fetching at the time (AED 929). Over the last 12 months studios sold for AED 515,000 to 595,000, around AED 1,040 per sqft, and rent for AED 30,000 to 75,600 a year. 1012's AED 44,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 503 sqft | 515,000 | 1,024 | ||
| 9 Jul 20269 July 2026 | 520 sqft | 540,000 | 1,038 | ||
| 23 Jun 202623 June 2026 | 514 sqft | 525,000 | 1,021 | ||
| 14 May 202614 May 2026 | 467 sqft | 540,000 | 1,155 |
Reef Residence
Building378 apartments, studios to 2-bed over 36 floors in Jumeirah Village Circle (JVC), completed in 2017 by Sama Alkhaleej Real Estate Development Co. 22 sold in the last 12 months.
- Typical price per sqft
- AED 1,023 Down 1.7%
- Typical sale
- AED 870K
- Typical rent
- AED 53K /yr
- Typical yield
- 8.3%
Other units on the 10th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Studio | 520 sqft | AED 524KAED 524,190 · Jun 2016June 2016 | 48,000 /yr | |
| 1002 | Studio | 529 sqft | AED 400KAED 400,000 · Jun 2020June 2020 | 48,000 /yr | |
| 1003 | 1-bed | 886 sqft | AED 794KAED 793,800 · Aug 2015August 2015 | 75,000 /yr | |
| 1004 | 2-bed | 1,537 sqft | AED 1.29MAED 1,290,240 · Jun 2017June 2017 | ||
| 1005 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,000 /yr | |
| 1006 | Studio | 503 sqft | AED 482KAED 481,920 · May 2016May 2016 | 25,000 /yr | |
| 1007 | Studio | 514 sqft | AED 475KAED 475,000 · Feb 2024February 2024 | 31,500 /yr | |
| 1008 | Studio | 467 sqft | AED 435KAED 435,000 · Jul 2018July 2018 | 41,000 /yr | |
| 1009 | 1-bed | 826 sqft | AED 715KAED 715,000 · Jul 2023July 2023 | 52,000 /yr | |
| 1010 | 2-bed | 1,481 sqft | AED 1.3MAED 1,297,569 · Apr 2016April 2016 | 120,000 /yr | |
| 1011 | 1-bed | 798 sqft | AED 771KAED 770,880 · Mar 2016March 2016 | 70,000 /yr |
1012, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 27 October 2015 for AED 519,140, or AED 1,008 per sqft.
- Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 35,000 to AED 22,000 in 2021 and recovered to AED 44,000 by February 2026.
- At AED 44,000 a year the gross yield on the 2015 price is 8.5%, before a service charge of about AED 7,300 a year (AED 14.20 per sqft).
- Studios in Reef Residence sold for AED 515,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 1,023 per sqft.
Source: Dubai Land Department. Updated 5 February 2026.
Questions about 1012, Reef Residence
What did unit 1012 last sell for?
AED 519,140 on 27 October 2015, sold by the developer: AED 1,008 per sqft for 515 sqft. It is the only registered sale of the unit.
What is the rent for unit 1012?
AED 44,000 a year on the contract renewed on 5 February 2026. The previous contract, from February 2025, was AED 38,500; the unit has been rented since September 2018.
How big is unit 1012?
515 sqft (47.8 sqm): a studio on the 10th floor of a 36-storey tower completed in 2017.
What is unit 1012 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Reef Residence sold for AED 515,000 to 595,000 in the last 12 months, around AED 1,040 per sqft.
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Mortgage on 1012, Reef Residence
Starts from the last sale price (AED 519K, 27 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 519,140
- Deposit, UAE resident (20%)
- AED 103,828
- Deposit, non-resident (40%)
- AED 207,656
- Monthly over 25 years at 3.7%
- AED 2,124
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →